SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : Gator's Picks from the Swamp -- Ignore unavailable to you. Want to Upgrade?


To: blake roberts who wrote (89)1/28/1999 2:23:00 PM
From: Gator  Respond to of 616
 
You might be right. They have to get their 8K filed to get fully reporting status, after that it's a scoot to Amex.

Gator



To: blake roberts who wrote (89)1/28/1999 5:26:00 PM
From: Gator  Read Replies (1) | Respond to of 616
 
Today's recap.

Better day for CMMI. Started at $2 1/2 x $5 (which was nuts, since yesterday never traded below $4). Ended at $4 5/8 x $5, mostly buys.
Hearing that major acquisition news is just around the corner, as is major buying.

VECT perked up today. Started at $1 1/2 x $2 1/4, went up to $2 3/4 x $3 1/8 at one point. One 500 trade at $2 3/4 brought the stock to $1 1/2 x $2 7/8. Amazing. There is virtually no float on this stock. Was told by I.R. that they have already been approved by Amex pending the filing of their 8K, which supposedly is coming tomorrow. Also expecting acquisition news very soon.

SDMT drifted all day. Name and ticker change to EBLD/EntertainmentBlvd.com will happen literally any hour. Hoping for tomorrow, next week at the very latest. There is so much planned for this little company, if they can pull off even a quarter of what they have planned this thing will be in double digits in no time. Expecting new PR person with big entertainment industry contacts to start on Monday (probably won't see a release on it).

CMOZ, or rather Waterhouse, broke my heart today. Bought in at $2 15/32, put in a sell order when the stock hit $5. Took 15 minutes to fill, meanwhile the stock dove and I got filled at $2 1/4. Instead of being up $5000, I ended down $600. Never been so mad in my life. The pisser is that Waterhouse has a glitch in their system that refuses limit orders if the limit price varies by more than 20% from the previous day's close (they call it a safety check for keeping people from accidently keying in a bad ticker or limit order). It refused by limit sale at $4 1/2, so I had to revert to market. Ugggh.

Played WKWG for a quick point. Lost my nerve after the CMOZ incident, could have made a little more, but at least I've got the profits locked in.

Looking ahead to tomorrow, will continue to nibble on SDMT down here at $3 or less. Looking for volume to continue accelerating on CMMI and VECT. MM's will eventually let go, and they should soar.

Gator

Disclosure: I have received 2000 shares of CMMI from an outside consultant of the company to assist with the dissemination of information.